Focus on Employment in Data Processing, Hosting, and Related Services
This assignment provides instructions on building the graph below and includes writing prompts for out-of-class assignments.
Using GeoFRED® to Compare Internet Use Across Countries
This assignment provides instructions on creating the map below and suggests prompts for in-class discussion. See how you do on our sample discussion question below.
Click on the map above to view an interactive version.
Question: Name three countries where fewer than 20 of every 100 persons have access to the internet.
Learning About the Economics of Information to Forecast Changes in Gross Domestic Product
In the fourth quarter of 2020, real gross domestic product increased. Read on for more details and a list of resources to become a better FREDcast forecaster.
According to the Bureau of Economic Analysis, “Real gross domestic product (GDP) increased at an annual rate of 4.1 percent in the fourth quarter of 2020.”
“The digital economy accounted for 6.9 percent of the U.S. gross domestic product, or $1.35 trillion, in 2017.”
Resources to become a better FREDcast forecaster:
- Review: “FRED®, the St. Louis Fed’s Force of Data.“
- Review: “The Diffusion of Electronic Business in the United States.“
- Economic Synopses: “Taxing Electronic Commerce: Boon or Boondoggle?“
- FRED Blog: “What the young and old spent on reading materials: 2019 vs. 1984.“
Quiz Yourself on Different Aspects of the Economics of Information
The graph above shows spending on reading for seven age groups.
Q1. As of 2019, which age group spent the most on reading?
Q2. As of 2019, which age group spent the least on reading?
The map above shows the number of persons employed in the information industry in each U.S. metropolitan statistical area (MSA).
Q1. As of 2020, where are most people employed in the information industry located—on the coasts or on the interior?
Q2. As of 2020, where are most people employed in the information industry located—in Los Angeles-Long Beach-Anaheim Metro or in New York-Newark-Jersey City Metro?
Q1. Name two industrial sectors where the producer price index for advertising space and time sales in 2020 is above its 2010 value.
Q2. In which industrial sector has the producer price index for advertising space and time sales constantly declined since 2010?
Now that you’ve aced this quiz, give it to your students using this dashboard. To customize this dashboard, just click the “Save to My Account” button at the top of the dashboard.